weather icon Clear

Howard Hughes Corp. plans Summerlin residential complex

Summerlin’s developer has laid out plans for a densely packed residential complex steps from its massive open-air mall.

The Howard Hughes Corp. filed plans with Clark County for a 9-acre, 267-unit complex on land it owns at the northeast corner of Sahara Avenue and Pavilion Center Drive, across the street from Downtown Summerlin.

The project would have one- and two-bedroom units ranging from 667 to 1,358 square feet, in buildings up to four stories each. It also would feature a resident park and dog park, county documents show.

Those documents do not disclose the project’s name or whether units would be available for rent or sale. (Las Vegas Review-Journal)

Clark County commissioners are scheduled to consider project plans Wednesday .

Tom Warden, a Howard Hughes spokesman in Las Vegas, said he could not yet provide additional details about the project, adding the company hadn’t finalized its announcement.

Its proposal comes amid an apartment-construction boom in Las Vegas and follows other projects that have come out of the ground just east of Howard Hughes’ 106-acre Downtown Summerlin development, which opened in 2014 and features department stores, restaurants and other shops.

The Dallas-based company and The Calida Group of Las Vegas teamed to develop Constellation, a 124-unit apartment complex off Charleston Boulevard and Town Center Drive. Construction started in 2015, and as of June 30, the complex was 93.5 percent leased, according to Howard Hughes.

Meanwhile, the NHL’s Vegas Golden Knights’ two-sheet practice facility, City National Arena, recently opened on Pavilion Center Drive, and Howard Hughes broke ground this year on a six-story office building near the ice rink.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Don't miss the big stories. Like us on Facebook.
Price gap between new and resale homes nearing $100k in Las Vegas

The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.

Long-term mortgage rates fall to historic lows

The low borrowing rates have been a boon for homebuyers, even as global financial markets are roiled by concerns over the global economy.

The worst places to buy a home — and where to buy instead

Home buyers may be tempted to look to the biggest, best-known cities in the US, but they might want to consider more these more affordable cities where they can reap a substantial return on their investment.